Get the latest insights on price movement and trend analysis of Toluene Diisocyanate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Toluene Diisocyanate Price Change in July 2025? Toluene Diisocyanate Price Index in APAC declined by 10.8% quarter-on-quarter, settling at USD 1,630/MT FOB Qingdao by the end of June 2025.

The Toluene Diisocyanates Market report segments the industry into Application (Foams, Coatings, Adhesives and Sealants, Elastomers, Others), End-User Industry (Furniture and Interiors, Building and Construction, Electronics, Automotive, Packaging, Others), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa). Get five years of historical data alongside five-year market forecasts.

Snapshot img { margin: 10px !important; }

The toluene diisocyanate market size has the potential to grow by 620.01 thousand MT during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (wood and furniture, CASE, automotive, and diverse industries) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BASF SE, Covestro AG, Dow Inc., Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Hanwha Group, Huntsman Corp., Kumho Mitsui Chemicals, Tosoh Corp., Vencorex, and Wanhua Chemical Group Co. Ltd.

What will the Toluene Diisocyanate Market Size be in 2020?

Browse TOC and LoE with selected illustrations and example pages of Toluene Diisocyanate Market

Request a FREE sample now!

Who are the Major Toluene Diisocyanate Vendors?

The TDI market is fragmented. The threat of rivalry in the global toluene diisocyanate market is intense as leading players hold majority market shares and have a significant global presence. Moreover, leading manufacturers focus on capturing the untapped markets and increasing production capacity. BASF SE, Covestro AG, and Dow Inc. are some of the major market participants. Although the growing demand for polyurethane from the automotive industry will offer immense growth opportunities, the issues associated with transportation and storage of TDI will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this toluene diisocyanate market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this toluene diisocyanate market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• BASF SE
• Covestro AG
• Dow Inc.
• Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
• Hanwha Group
• Huntsman Corp.
• Kumho Mitsui Chemicals
• Tosoh Corp.
• Vencorex
• Wanhua Chemical Group Co. Ltd.

Which are the Key Markets for Toluene Diisocyanate?

For more insights on the market share of various regions Request for a FREE sample now!

APAC was the largest toluene diisocyanate market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The expansion of the construction and automotive industries will significantly drive TDI market growth in this region over the forecast period.

58% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for toluene diisocyanate in APAC. Market gr

Dive into Market Research Intellect's Toluene Diisocyanate (TDI) Market Report, valued at USD 10.25 billion in 2024, and forecast to reach USD 15.50 billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.

The global Toluene Diisocyanate market stood at approximately 2748 thousand tonnes in 2024 and is anticipated to grow at a CAGR of 4.17% during the forecast period until 2035.

Toluene Diisocyanate (TDI) Market Outlook

The global market size for Toluene Diisocyanate (TDI) is projected to grow significantly, reaching approximately USD 12.7 billion by 2032 from USD 7.2 billion in 2023, with a robust CAGR of 6.7%. This compelling growth is driven by escalating demand across various end-user industries, including automotive, building & construction, and furniture & interiors. TDI is a key chemical utilized primarily in the production of polyurethanes, which are indispensable in manufacturing flexible foams, coatings, adhesives, and other products.

The primary growth factor bolstering the TDI market is the expanding automotive industry, which demands high-performance materials for seats, interiors, and various other components. Polyurethane foams derived from TDI offer superior comfort and durability, making them highly sought after in the automotive sector. Furthermore, the surge in infrastructure development globally, particularly in emerging economies, has significantly increased the demand for TDI-based products in the building and construction industry. These products are utilized in insulation materials, sealants, and coatings, contributing to energy efficiency and structural integrity.

Another critical driver for the TDI market is the rising consumer expenditure on furniture and interior products. With increasing disposable incomes and a growing focus on aesthetic and comfortable living spaces, there is a heightened demand for high-quality furniture and interior products. TDI-based polyurethane foams are widely used in mattresses, cushions, and other furniture products due to their excellent resilience and comfort properties. Additionally, ongoing advancements in manufacturing technologies are enhancing the performance characteristics of TDI, further fueling market growth.

The TDI market is also benefitting from the electronics industry, which utilizes TDI-based materials in a variety of applications, including appliance insulation and electronic device components. The trend towards miniaturization and multifunctionality in electronics necessitates materials that offer superior insulating properties and durability, driving the adoption of TDI in this sector. However, the market faces challenges such as regulatory constraints related to the environmental impact of TDI production and usage, which could potentially hinder growth to some extent.

Regionally, Asia Pacific dominates the TDI market, driven by rapid industrialization, urbanization, and economic growth in countries such as China, India, and Japan. The region's burgeoning automotive and construction industries are primary contributors to this dominance. North America and Europe also represent significant markets, underpinned by established automotive and construction sectors and a strong focus on sustainable building practices. Meanwhile, other regions such as Latin America and the Middle East & Africa are witnessing moderate growth, supported by increasing investments in infrastructure development and industrial activities.

Application Analysis

The TDI market is segmented by application into foams, coatings, adhesives & sealants, elastomers, and others. Foams represent the largest segment, accounting for the majority of TDI consumption. The demand for flexible polyurethane foams is particularly high in the furniture and bedding industries due to their superior comfort, durability, and cost-effectiveness. In automotive applications, these foams provide essential cushioning and noise-reduction properties, enhancing vehicle comfort and performance. The continuous innovation in foam technologies, focusing on improving resilience and sustainability, is further propelling this segment.

Coatings constitute another significant application of TDI. TDI-based polyurethane coatings are valued for their excellent abrasion resistance, chemical resistance, and flexibility. These coatings find extensive usage in industrial and protective coatings, automotive coatings, and wood finishes. The growth in industrial activities and the increasing need for high-performance coatings in harsh environments are fueling this segment. Additionally, advancements in coating technologies aiming at reducing volatile organic compound (VOC) emissions are creating new opportunities for TDI-based coatings.

Adhesives & sealants form another crucial application segment. TDI is used in the production of polyurethane adhesives, which offer superior bond strength, flexibility, and resistance to environmental factors. These adhesives are widely used in th

The global Toluene Diisocyanate market is projected to reach 7,265.5 million USD by 2033, growing at a CAGR of 2.1% during the forecast period of 2023-2033. The increasing demand for Toluene Diisocyanate (TDI) in various end-use industries, such as the automotive, construction, and packaging industries, is driving market growth. Additionally, the growing demand for lightweight and fuel-efficient vehicles is propelling the demand for TDI in the automotive industry, as it is used in the production of polyurethane foams for automotive seating and interiors. North America held the largest market share in 2023, accounting for over 35% of the global market. The region's strong automotive and construction industries, coupled with the increasing adoption of lightweight materials, are contributing to the market growth. The Asia Pacific region is expected to witness the highest CAGR during the forecast period, due to the rapidly growing construction and automotive industries in countries such as China and India. Key market players include BASF, Cangzhou Dahua Group, Covestro, Mitsui Chemicals, and The Dow Chemical Company. These companies are focusing on expanding their production capacities and introducing innovative products to cater to the growing demand for TDI.

During the first quarter of 2025, the toluene prices in the USA reached 865 USD/Ton in March. As per the toluene price chart, due to strong feedstock support and large stocks, prices fell in the quarter. The demand from industries like paints and TDI remained weak despite steady production.

Explore IMARC’s newly published report, titled “Toluene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of toluene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Toluene Diisocyanate (TDI) Market size was USD 7.5 Billion in 2022 and is expected to reach USD 9.4 Billion in 2034, and register a rapid revenue CAGR of 6.8% during the forecast period.

Toluene Diisocyanate Market Outlook

According to our latest research, the global Toluene Diisocyanate (TDI) market size in 2024 stands at USD 8.1 billion, reflecting robust demand across key end-use industries. The market is projected to grow at a CAGR of 4.3% from 2025 to 2033, reaching an estimated USD 12.1 billion by 2033. This growth is primarily driven by the expanding applications of TDI in flexible foams, coatings, and adhesives, coupled with dynamic growth in the furniture, automotive, and construction sectors globally. As per the latest research, the increasing focus on lightweight and energy-efficient materials, particularly in emerging markets, is a significant factor propelling the market forward.

A key growth factor for the Toluene Diisocyanate market is the escalating demand for flexible polyurethane foams, which are extensively used in the manufacturing of furniture, bedding, and automotive seats. The versatility of TDI in producing soft and resilient foams makes it indispensable for cushioning applications, driving its consumption in both residential and commercial furniture markets. Additionally, the ongoing urbanization and the rise in disposable incomes, especially in Asia Pacific and Latin America, are further amplifying the demand for high-quality foam products. The trend toward comfort and ergonomic design in furniture and interiors continues to stimulate the need for advanced polyurethane solutions, thereby boosting TDI consumption.

Another significant driver for the Toluene Diisocyanate market is the rapid expansion of the automotive and construction industries. In the automotive sector, TDI-based foams are crucial for lightweight vehicle components, contributing to improved fuel efficiency and passenger comfort. The construction sector, on the other hand, relies on TDI for producing insulation materials, coatings, and sealants that enhance energy efficiency and structural durability. The growing emphasis on sustainable and energy-efficient building practices is fostering the adoption of polyurethane-based products, translating to increased TDI demand. Moreover, ongoing infrastructure development projects in emerging economies are providing a substantial boost to market growth.

Technological advancements and innovations in polyurethane chemistry are also shaping the Toluene Diisocyanate market landscape. Manufacturers are investing in research and development to improve the performance characteristics of TDI-based products, such as durability, flexibility, and environmental compatibility. The development of low-emission and eco-friendly TDI variants is gaining traction, aligned with stringent regulatory standards and increasing environmental awareness. This shift towards sustainable solutions is expected to create new growth avenues, especially in regions with rigorous environmental regulations. The integration of advanced manufacturing processes and automation further enhances production efficiency and product quality, supporting the market's upward trajectory.

From a regional perspective, Asia Pacific dominates the Toluene Diisocyanate market, accounting for the largest revenue share in 2024. The region’s leadership is attributed to the rapid industrialization, burgeoning population, and the presence of major end-use industries. China and India are at the forefront, driven by robust construction activities, expanding automotive manufacturing, and a thriving furniture sector. North America and Europe also represent significant markets, supported by technological innovation and a mature industrial base. Meanwhile, Latin America and the Middle East & Africa are witnessing steady growth, propelled by infrastructure development and rising consumer spending. These regional trends underline the global reach and diverse opportunities within the TDI market.

Grade Analysis

The Toluene Diisocyanate market is segmented by grade, with the most prominent being TDI 80/20, followed by TDI 65/35 and other specialized blends. The TDI 80/20 grade is widely utilized due to its superior performance characteristics, particularly in flexible foam applications. This grade is favored for its optimal balance of reactivity and processing ease, making it the preferred choice for large-scale manufacturers in the furniture, automotive, and packaging industries. The dominance of TDI 80/20 is further reinforced by its widespread availability and cost-effectiveness, which appeals to both estab

Global Toluene Diisocyanate - TDI market size 2025 was XX Million. Toluene Diisocyanate - TDI Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global Toluene Diisocyanate (TDI) 80/20 market, a crucial component in polyurethane production, is experiencing robust growth driven by the expanding construction, automotive, and furniture industries. The market's value is estimated at $X billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of Y% from 2025 to 2033. This growth is fueled by increasing demand for flexible polyurethane foams in various applications, particularly in the bedding, automotive seating, and insulation sectors. Technological advancements leading to higher-efficiency TDI production processes and a shift towards sustainable and eco-friendly polyurethane formulations are also contributing factors. However, fluctuations in raw material prices, stringent environmental regulations regarding isocyanate emissions, and concerns surrounding the toxicity of TDI pose significant challenges to market expansion. Segment-wise, the polyurethane flexible foam application segment dominates the market, followed by non-foam urethanes. Within the types, the 0.997 and 0.998 grades currently hold the largest market shares due to their widespread use in diverse applications. Geographically, Asia Pacific, particularly China and India, is expected to witness the highest growth, driven by rapid industrialization and infrastructure development. North America and Europe, while mature markets, will continue to contribute significantly to the overall market value. Key players like BASF, Bayer, and Wanhua Group are engaged in strategic expansions and technological innovations to maintain their competitive edge, leading to a consolidated yet competitive market landscape. The forecast period (2025-2033) will see continued expansion driven by the increasing adoption of polyurethane in emerging economies. However, companies must address environmental concerns and implement sustainable practices to mitigate regulatory risks. The market will likely witness increased product differentiation, with a focus on higher-performance and specialized TDI 80/20 grades catering to specific industry needs. Furthermore, collaborations and mergers among manufacturers are anticipated, resulting in a further consolidation of the market. The development and adoption of innovative recycling technologies for polyurethane waste will also play a vital role in shaping the future of the TDI 80/20 market. Pricing strategies will be significantly influenced by the fluctuating costs of raw materials and global economic conditions.

What is covered in the report about the “Germany Toluene Diisocyanate (TDI) Industry”? Read More

The global Toluene Diisocyanate (TDI) market study report provides detailed information on forecasts by current market dynamics and growth opportunities.

The global toluene di-isocyanate (TDI) market, valued at approximately $XX million in 2025, is projected to experience steady growth, driven primarily by the burgeoning construction and automotive sectors. The 1.98% CAGR indicates a moderate expansion over the forecast period (2025-2033), with significant contributions anticipated from Asia-Pacific, particularly China and India, fueled by robust infrastructure development and increasing vehicle production. Growth within the furniture and interiors segment is also expected to contribute significantly, driven by rising disposable incomes and changing consumer preferences towards more comfortable and aesthetically pleasing living spaces. However, stringent environmental regulations concerning isocyanate emissions and the volatility of raw material prices pose significant challenges to market expansion. The ongoing development of more sustainable and eco-friendly TDI alternatives could influence market dynamics in the coming years, potentially leading to shifts in market share among established players such as BASF SE, Covestro AG, and Dow. The market segmentation across various applications (foams, coatings, adhesives, elastomers) and end-user industries reflects the diverse use cases of TDI, highlighting the interconnected nature of the chemical industry with broader economic trends. Further analysis will be needed to assess the potential impact of technological advancements and emerging market players on future market growth. The competitive landscape is characterized by established players who are focusing on innovation and cost optimization to maintain their market positions. The key applications of TDI are projected to maintain their current market shares, albeit with minor shifts driven by technological advancements and changing consumer demand. For instance, the growing emphasis on energy efficiency in building construction could further enhance the demand for TDI in foam insulation. Conversely, stricter regulations on volatile organic compounds (VOCs) may impact the growth of certain applications, such as coatings. Regional variations in growth rates will likely continue, with emerging economies in Asia-Pacific outpacing mature markets in North America and Europe due to the unique combination of industrial growth, infrastructure development and a comparatively lower regulatory burden in some instances. Continuous monitoring of the regulatory environment, raw material costs, and technological innovations will be crucial for businesses operating in the TDI market to ensure long-term profitability and competitiveness. Recent developments include: April 2023: Wanhua Chemical announced that the company received approval from the State Administration of Market Supervision and Administration to acquire shares in Yantai Juli Fine Chemical Co., Ltd. It is one of the major suppliers of toluene diisocyanate in China. Through this acquisition, the proportion of Wanhua Chemical TDI capacity in China will further increase from 35-40% to 45-50%., March 2023: Covestro AG announced receiving ISCC (International Sustainability and Carbon Certification) PLUS certification for its production site in Baytown, Texas, which includes various products like toluene diisocyanate getting ISCC PLUS certified. It will help expand its product portfolio's reach for the circular economy.. Key drivers for this market are: Growing Foam Application due to Utilization in the Furniture, Automotive and other End Use Industries, Other Drivers. Potential restraints include: Growing Foam Application due to Utilization in the Furniture, Automotive and other End Use Industries, Other Drivers. Notable trends are: Furniture and Interior to Dominate.

Toluene Diisocyanate Market Outlook

The global Toluene Diisocyanate (TDI) market size was valued at approximately USD 7.2 billion in 2023 and is projected to reach around USD 10.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2024 to 2032. The market is being driven by the increasing demand for flexible foams, primarily used in the furniture and automotive industries, along with a growing emphasis on energy-efficient and sustainable products.

One of the primary growth factors for the TDI market is the burgeoning construction industry. Construction activities across the globe are witnessing a significant surge, driven by urbanization, population growth, and government initiatives for infrastructure development. TDI is a critical component used in producing rigid foams, which are essential in construction for insulation purposes. The increasing focus on energy-efficient buildings is also propelling the demand for TDI, as rigid foams contribute to better thermal insulation, thus reducing energy consumption.

Another notable growth driver is the automotive industry's expansion. The global automotive market is experiencing a steady rise due to increasing disposable incomes, technological advancements, and the proliferation of electric vehicles. TDI is extensively used in manufacturing flexible foams for car seats, headrests, and interior components, providing comfort and durability. As automotive manufacturers strive for lightweight materials to improve fuel efficiency and reduce emissions, the demand for TDI-based products is expected to grow substantially.

The furniture industry's growth also notably contributes to the TDI market. With the rising trend of modern and ergonomic furniture, the need for high-quality, durable, and comfortable materials is increasing. Flexible foams made from TDI are ideal for producing mattresses, cushions, and upholstered furniture. The growing housing market and increased consumer spending on home decor further fuel the demand for TDI in the furniture sector, supporting the overall market growth.

Regionally, Asia Pacific is expected to dominate the TDI market during the forecast period. The region's rapid industrialization, urbanization, and expanding middle class are driving substantial construction and automotive activities. Countries such as China, India, and Japan are key contributors to this growth, with significant investments in infrastructure and manufacturing sectors. Additionally, the region's favorable government policies and the presence of major TDI manufacturers further bolster the market's expansion in Asia Pacific.

Application Analysis

The application segment of the TDI market is characterized by its diverse use in various industries, primarily focusing on foams, coatings, adhesives and sealants, elastomers, and others. The foam segment holds the largest market share due to its extensive use in several end-user applications. Flexible foams, made using TDI, are crucial in the automotive and furniture industries for their cushioning properties. The rigid foams are vital in construction for insulation purposes, providing energy efficiency and structural integrity. The continuous advancements in foam technology, aiming for better performance and sustainability, are expected to drive this segment's growth.

TDI's application in coatings is another significant segment contributing to the market's growth. TDI-based coatings offer superior protective properties, high durability, and resistance to wear and tear, making them ideal for automotive, construction, and industrial applications. The growing demand for high-performance coatings in these sectors, coupled with the trend towards eco-friendly and low-VOC (Volatile Organic Compounds) coatings, is expected to boost the TDI market. The continuous innovation in coating formulations to meet industry-specific needs is also a key driver for this segment.

In the adhesives and sealants segment, TDI is used to produce high-strength adhesives and sealants with excellent bonding properties. These products are essential in various industries, including construction, automotive, and packaging, where strong and durable bonds are required. The rising demand for lightweight and high-performance materials in automotive and aerospace industries is expected to drive the adhesives and sealants segment. Furthermore, the increasing construction activities worldwide necessitating robust sealing solutions also propel this segment's growth.

What is covered in the report about the “Argentina Toluene Diisocyanate (TDI) Industry”? Read More

The global Toluene Diisocynate (TDI) market is valued at 7452.6 million in 2025 and is projected to grow at a CAGR of 3.3% to reach 9959.3 million by 2033. The growth of the market is attributed to the increasing demand for TDI in the production of flexible polyurethane foams, coatings, adhesives, and sealants. Flexible polyurethane foams are used in a wide range of applications, including furniture, bedding, and automotive interiors. The increasing demand for these applications is expected to drive the growth of the TDI market. The market is segmented by application, type, and region. By application, the flexible polyurethane foams segment is the largest and is expected to continue to dominate the market over the forecast period. By type, the TDI 80/20 segment is the largest and is expected to continue to dominate the market over the forecast period. By region, Asia Pacific is the largest market for TDI and is expected to continue to dominate the market over the forecast period. The growth of the market in Asia Pacific is attributed to the increasing demand for TDI in the production of flexible polyurethane foams, coatings, adhesives, and sealants.

The global toluene diisocyanate (TDI) market is projected to reach $7855.2 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 2.0% from 2025 to 2033. This steady growth is driven by the robust demand from key application sectors such as the plastics, coatings, and rubber industries. The increasing use of polyurethane foams in various applications, including furniture, construction, and automotive, is a significant contributor to market expansion. Technological advancements focused on improving TDI efficiency and reducing environmental impact are further shaping market dynamics. However, stringent environmental regulations concerning volatile organic compounds (VOCs) and the rising cost of raw materials present challenges to market growth. The competitive landscape is characterized by a mix of large multinational corporations and regional players, with BASF, Covestro, and Dow Chemical Company leading the market. The market is segmented by chemical level (crude, purified), analysis level (quantitative, qualitative), and application (plastics, coatings, rubber, others). Regional growth is expected to be diverse; while mature markets in North America and Europe may experience moderate growth, Asia-Pacific, particularly China and India, is expected to demonstrate significant expansion due to rapid industrialization and infrastructure development. The forecast period of 2025-2033 indicates continued growth, albeit at a moderate pace. The demand from emerging economies, coupled with continuous product innovation and diversification of applications (such as in the adhesives and sealants sector), will likely support this growth trajectory. However, sustained efforts towards sustainable manufacturing practices and the integration of greener alternatives within the polyurethane industry are expected to influence the market's long-term growth profile. Strategic collaborations and mergers & acquisitions among key players are anticipated to further shape the market's competitive landscape and influence the availability and pricing of TDI. This report provides a detailed analysis of the global toluene diisocyanate (TDI) market, offering valuable insights into market size, trends, and future growth projections. We delve into the intricacies of TDI concentration, characteristics, regulatory impacts, and competitive landscape, providing crucial information for industry stakeholders seeking to navigate this dynamic market. Keywords: Toluene Diisocyanate Market, TDI Market Analysis, TDI Production, TDI Price, TDI Applications, TDI Regulations, TDI Manufacturers, Polyurethane Industry, Isocyanate Market.